The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) is experiencing significant price movement due to recent developments surrounding Tesla, Inc. Tesla's stock has been buoyed by a 3.53% increase, driven by a mix of market sentiment and ongoing discussions about its product lineup, particularly the Cybertruck. Analysts have expressed skepticism about the Cybertruck's performance, citing its inability to meet initial sales projections and its struggle to compete with traditional pickup trucks like the Ford F-150 and Chevy Silverado. Despite these challenges, Tesla's stock remains resilient, reflecting investor confidence in the company's broader strategy and market position.
The Cybertruck's sales figures have fallen short of Elon Musk's ambitious targets, with only about 39,000 units sold in the U.S. in 2024, according to industry estimates. This has led Tesla to offer discounts on the Cybertruck, a move that contrasts sharply with Musk's earlier predictions of sustained high demand. The broader electric vehicle market is also facing headwinds, with a slowdown in sales growth and reduced government incentives. However, Tesla's ability to maintain a strong stock performance amid these challenges highlights its robust brand loyalty and market influence.
The TSLZ ETF fell to $2.02, down 9.82% as of 10:00 AM ET on January 20th.